- Elon Musk sells another huge chunk of Tesla sharesAccording to a financial filing released Wednesday night, Tesla CEO Elon Musk sold about 22 million additional shares in his electric vehicle company, worth about...
- Jamie Dimon says inflation-eroding consumer wealth may cause a recession next year.According to Jamie Dimon, the U.S. economy could enter a recession next year due to inflation. While consumers and companies are in good shape, that...
- Stock Funds Rise Again but Remain DamagedThe stock market and U.S. stock funds rose for the second consecutive month. However, It is understandable if fund investors do not feel giddy about...
- Credit Suisse shareholders greenlight $4.2 billion capital raiseOn Wednesday, the Credit Suisse shareholders approved a capital raise of 4 billion Swiss francs ($4.2 billion) for financing the embattled lender's extensive strategic program....
- Binance is seeing a slight increase in withdrawals, says CEOBinance CEO Changpeng Zhao said the cryptocurrency exchange has seen only a slight uptick in withdrawals and is operating normally despite a fall in digital...
- Jim Cramer says a slowdown in the logistics industry suggests inflation could be coming downAccording to CNBC's Jim Cramer on Thursday, the freight industry's pandemic boom could finally be winding down. “We caught a real break today with a...
- Crypto Whale Moves $1.58B In BitcoinA cryptocurrency whale moved over 74,105 Bitcoin worth over $1.58 billion from a wallet shared on Blockchain.com. The BTCs were moved to wallets of unknown...
- Fed’s James Bullard is Confident That The Economy Can Achieve a “Soft Landing”President James Bullard of the St. Louis Federal Reserve said Tuesday that he believes the economy can avoid a recession. However, he expects the central...
- Goldman Ceo David Solomon Says It’s Time To Be Cautious Because There’s a Good Chance Of a RecessionAccording to Goldman Sachs CEO David Solomon, the U.S. economy may be heading for a downturn that could make investment and business decisions more difficult....
- Fed’s Evans Says Fighting Inflation Is The Top Priority Even If That Means Job LossesAccording to Chicago Federal Reserve President Charles Evans, the central bank remains committed to reducing inflation even if it means cutting jobs. Three weeks before...